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China

FAW Car gets CSRC approval for its assets restructuring

On March 13, FAW Car Co., Ltd. (FAW Car) announced that it has received approval from China Securities Regulatory Commission (CSRC) regarding its assets restructuring. With the approval, FAW Car will issue 2,982,166,212 shares to acquire relevant assets held by China First Automobile Co., Ltd. (FAW). The approval is ....

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